User Account

All Pages

Find the p-value of the test statistic

Assignment Help Basic Statistics
Reference no: EM132483135

USA Today reported that about 47% of the general consumer population in the United States is loyal to the automobile manufacturer of their choice. Suppose Chevrolet did a study of a random sample of 1008 Chevrolet owners and found that 487 said they would buy another Chevrolet. Does this indicate that the population proportion of consumers loyal to Chevrolet is more than 47%? Use α = 0.01.

Find the P-value of the test statistic. (Round your answer to four decimal places.)

Reference no: EM132483135

Questions Cloud

Was the training site conducive to learning : An assessment of the specific factors that contributed to the success or ineffectiveness of the training; for example, consider these questions.
Determine the temporary book-tax difference : Determine (a) the temporary book-tax difference for the depreciable asset and (b) the balance to be reported in the deferred tax liability account
Indices and item-discrimination indices : What properties are desirable for item difficulty indices and item-discrimination indices?
What real interest rate will earn : What real interest rate will they earn if the inflation rate over the year is: (Do not round intermediate calculations. Enter your answers as a percent)
Find the p-value of the test statistic : Does this indicate that the population proportion of consumers loyal to Chevrolet is more than 47%? Use a = 0.01.
Define how a social worker might support clients : The death of an elderly individual may occur in a variety of settings and circumstances. For example, an individual may die painlessly at home surrounded.
Determine between the risky portfolio and risk-free asset : Which value of A makes this investor indifferent between the risky portfolio and the risk-free asset? Enter your answer rounded to two decimal places.
How might suggestions address potential policy gaps : Critics suggest a comprehensive plan, which involves preventive services, as well as a continuum of care. However, there are few, if any, effective.
Prepare the entries to record sales and collections : Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered)

Reviews

Write a Review

Basic Statistics Questions & Answers

  Effective time duration of a safe dosage

Researchers at a pharmaceutical company have found that the effective time duration of a safe dosage of a pain relief drug is normally distributed with mean 2 hours and standard deviation of 0.20 hours.  For a patient selected at random:

  What is the reputation risk

What is the reputation risk? Is the reputation risk which is the greatest risk facing business today?

  What sampling method is best suited for a survey

What sampling method is best suited for such a survey? Why? Draw the sample using the random number table and bring out the rationale of the procedure. Limit your sample to 25 persons.

  Find the transformation matrix

Find the transformation matrix,  Y=TX,  such that has a covariance matrix of T such that  Y has a covariance matrix.

  Viewers speak out against reality tv

The article "Viewers Speak Out Against Reality TV" (Associated Press, September 12, 2005) included the following statement: "Few people believe there's much reality in reality TV: a total of82percent said the shows are either 'totally made up' or ..

  Define the purpose for the most recent business trip

A Travel Weekly International Air Transport Association survey asked business travelers about the purpose for their most recent business trip.

  Construct a graph of the time series

Determine the three-month and five-month centered moving average curves and superimpose each on the original time series.

  There are two types of machines called type a and type b

there are two types of machines called type a and type b. both type a and type b can be used to produce a certain

  What is the stocks beta

The expected rate of return on a Treasury Bill is 0.005, the expected rate of return on the Wilshire 5000 is 0.08 and the required rate of return of a stock

  Give an example of two variables in your field of study

Examples of correlated variables. Give an example of two variables in your field of study that are- positively correlated- negatively correlated.

  What is probability that your friend actually carries virus

The University of California at Berkeley's Wellness Encyclopedia (1991) contains the following statement in its discussion of HIV testing: - Using the numbers in the statement above, what is the probability that your friend actually carries the viru..

  Find the pooled variance for the two samples

One sample has a variance of s2=6 and a second sample has a variance of s2=8. If the two samples are the same size (n1=n2), then what is the pooled variance for the two samples?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd